1209 E 1st St Long Beach, CA 90802
Alamitos Beach NeighborhoodEstimated payment $9,807/month
Total Views
547
4
Beds
--
Bath
3,452
Sq Ft
$463
Price per Sq Ft
Highlights
- Golf Course Community
- 0.12 Acre Lot
- Bike Trail
- Long Beach Polytechnic High School Rated A
- Laundry Room
About This Home
Prime 4-Unit income property near the beach featuring four spacious 1-bedroom, 1-bathroom units just steps from the sand in the thriving Long Beach market. Separate free standing 2-car garage in the back with sewer line that runs directly under allowing for a convenient conversion into a 2 bed 1 bath ADU(open parking available at end of driveway). GRM on market rents of 14.5X, 11.6X after ADU conversion. Three units recently remodeled. All units are 800 sqft+ and have their own laundry room A great option for a savvy investor looking to buy and hold in a prime location with the potential to greatly increase income with the addition of the ADU.
Listing Agent
Buckingham Investments, Inc. Brokerage Phone: 4242122321 License #02179872 Listed on: 08/27/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $13,336
Year Built
- Built in 1912
Lot Details
- 5,029 Sq Ft Lot
- Two or More Common Walls
- Density is up to 1 Unit/Acre
Parking
- 2 Car Garage
Home Design
- Quadruplex
Interior Spaces
- 4 Bedrooms
- 3,452 Sq Ft Home
- 2-Story Property
Laundry
- Laundry Room
- Washer and Gas Dryer Hookup
Listing and Financial Details
- Legal Lot and Block 20 / 63
- Tax Tract Number 1250
- Assessor Parcel Number 7265011023
- $855 per year additional tax assessments
Community Details
Overview
- 4 Units
- Alamitos Beach Subdivision
Recreation
- Golf Course Community
- Water Sports
- Bike Trail
Building Details
- Electric Expense $1,641
- Insurance Expense $3,107
- Water Sewer Expense $1,641
- Operating Expense $27,757
- Net Operating Income $64,469
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $13,336 | $1,024,511 | $614,710 | $409,801 |
| 2024 | $13,336 | $1,004,423 | $602,657 | $401,766 |
| 2023 | $13,110 | $984,730 | $590,841 | $393,889 |
| 2022 | $12,312 | $965,422 | $579,256 | $386,166 |
| 2021 | $14,567 | $946,494 | $567,899 | $378,595 |
| 2019 | $11,886 | $918,641 | $551,055 | $367,586 |
| 2018 | $11,548 | $900,633 | $540,250 | $360,383 |
| 2016 | $10,618 | $865,450 | $519,272 | $346,178 |
| 2015 | $9,604 | $800,000 | $480,000 | $320,000 |
| 2014 | $8,758 | $715,000 | $429,000 | $286,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/27/2025 08/27/25 | For Sale | $1,599,000 | -- | $463 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | -- | Orange Coast Title Company | |
| Grant Deed | $735,000 | North American Title Company | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $910,000 | New Conventional | |
| Previous Owner | $798,750 | Adjustable Rate Mortgage/ARM | |
| Previous Owner | $698,500 | Unknown | |
| Previous Owner | $73,450 | Credit Line Revolving | |
| Previous Owner | $588,000 | Purchase Money Mortgage |
Source: Public Records
Similar Homes in Long Beach, CA
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: IN25193325
APN: 7265-011-023
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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